Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-08-2018

Mtechtips  Dollar is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the USDINR above 69.45 or buy with strict stop at 67.92. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 68.58-68.57-68.09-67.75-67.05-65.66-.Resistance for the USDINR is 69.14- In medium term Dollar is relatively strengthening against Euro- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 69.09 or hold with stop at 68.1925 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 69.148 with a stop at 68.652 Below 68.573 go for sell

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